View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 21, 2014updated 04 Apr 2017 2:29pm

Fidelity Investments appoints new asset management head

Fidelity Investments, a US-based fund-manager, has appointed Charles Morrison as new president of asset management, replacing Ron O Hanley, who will quit the firm at the end of this month.

By Verdict Staff

Fidelity Investments, a US-based fund-manager, has appointed Charles Morrison as new president of asset management, replacing Ron O Hanley, who will quit the firm at the end of this month.

In his new role, Morrison will lead Fidelity’s investment divisions, which collectively manage $1.9 trillion in retail and institutional assets for investors.

Based in Boston, Morrison will be reporting to Abigail Johnson, president of financial services at Fidelity Investments.

Morrison, who joined Fidelity in 1987, most recently served as head of Fidelity’s US$750 billion fixed-income division.

Morrison appointment follows the firm’s plans to shift emphasis to its recordkeeping, retirement and brokerage businesses.

Johnson said: "Charlie’s diverse experience during his 27 years at Fidelity positions him well to advance our asset-management business by continuing to deliver strong, consistent performance across all asset classes, sharpening our global investment focus, and offering innovative products that help deliver better outcomes for our clients."

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International